Category Archives for "In the News"

Anything interesting and happening in the world of Real Estate

February 8, 2010

Short Sale and REO Executive Appointed at Bank of America Home Loans

According to a recent company announcement, Matt Vernon has been named short sale and real estate owned (REO) executive for Bank of America Homes Loans. In his new position, Vernon will develop and implement initiatives to manage and streamline the bank’s efforts to use short sales and other property liquidation tools to prevent foreclosures. In […]

Continue reading
February 1, 2010

NAR Teams Up With NCST to Help Rebuild Foreclosure-Ridden Communities

In an effort to help rebuild American communities devastated by the foreclosure crisis, the National Association of Realtors (NAR), a trade association with 1.2 million members, has partnered with the National Community Stabilization Trust (NCST), a nonprofit organization that facilitates the transfer of foreclosed and abandoned properties from financial intuitions to local housing organizations. This […]

Continue reading
February 1, 2010

Fannie Mae Offers Subsidy for REO Purchases

Fannie Mae says it will cover the closing costs on purchases of its REO homes – an incentive the GSE hopes will help it pare down a bloated supply of repossessed foreclosed properties. The nation’s largest mortgage financier has announced a temporary seller-assistance program under which people purchasing a property through HomePath, Fannie Mae’s REO […]

Continue reading
January 31, 2010

FAQ’s

1. What is a short sale? A short sale is the process by which homeowners can sell their home for less money than they actually owe on the mortgage(s). This is accomplished by providing proper documentation to the lender(s) to convince them to reduce the mortgage balance to allow the sale. If the sale is […]

Continue reading
1 18 19 20